Responsible Finance & Investment Foundation - We are creating a future where financial markets support equitable, inclusive & sustainable economic development
RFI recently released a new report and financed emissions database covering financial institutions in 11 #OIC markets (6 #GCC countries, #Turkiye, #Pakistan, #Bangladesh, #Malaysia and #Indonesia). https://t.co/gPMtKZgtmP
In collaboration with @RFIFoundation, LSEG provides access to the RFI Foundation's documents and reports covering responsible and sustainable #IslamicFinance through the LSEG Islamic Finance Overview Page.
Know more: https://t.co/ked4R9q2HP
#IFOV2024
ICYMI: Our recent newsletter focused on the challenges of #TransitionFinance where progress can often be uneven with 'two steps forward and one step backwards'. It remains of critical importance for #OIC markets to achieve #ClimateChange & #SDGs.
https://t.co/MKJcYDcV8v
Latest newsletter article from RFI: Banks in the #GCC region are tackling #ClimateTransition risk, but it remains a ‘work-in-progress’ https://t.co/5kxOm9uxLj
Link to subscribe to our newsletter at the bottom of the article. #ResponsibleFinance#ClimateRisk
Transition finance has grown in adoption even as sustainability linked financing has slowed. Its commonalities with 'use of proceeds' finance make it a potentially more effective tool especially for #EmergingMarkets and #DevelopingEconomies. https://t.co/MwSudujvBz
An overview of an important contribution to understanding climate-related financial risks in the #MiddleEast#NorthAfrica and #CentralAsia, and for finding opportunities for the financial sector to build its #JustTransition capabilities @RFIFoundation
https://t.co/5cDPnC4XHt
Tools such as those highlighted in this article, including the RFI Foundation’s #FinancedEmissions Database offer alternatives to understand and address the complexity of aligning financial flows for the climate transition.
https://t.co/vH0HVA5aRq
There needs to be a redoubled effort to drive finance in the direction of alignment with the transition. International private #climatefinance will need to rise by 15 times from current levels. #ResponsibleFinance https://t.co/EzkOWknTil
Emissions data and climate pathways don’t always cooperate and provide support to the same level of context-specific differentiated responsibilities because of limited regional-specific data and pathways for sectoral #decarbonization.
There's been a considerable effort put into improving guidance relating to #ResponsibleFinance and promoting alignment around baseline standards. @RFIFoundation commented on a two that are particularly important for financial sector stakeholders in #OIC markets & #IslamicFinance
RFI’s comments aim to support and encourage development based on global baselines for #ResponsibleFinance disclosure to account for implementation challenges faced by #IslamicBanks and other banks in #OIC markets.
RFI provided detailed comment on two pivotal exposure drafts which we believe will improve the consistency, comparability and usefulness of the guidance for stakeholders of banks in #OIC markets, including #IslamicBanks. https://t.co/kLZc0YObbQ
The second comment letter was on a @CIBAFI exposure draft on the “Development of a Greenhouse Gas Measurement Tool to Reinforce the Role of Islamic Financial Institutions in Supporting Climate Action” based on the standard developed by @pcafglobal
Following the conclusion of #COP28 last year, #OIC financial institutions should focus on how the final declaration points towards key risks and opportunities arising from #ClimateTransition risks & their role in the #EnergyTransition. #ResponsibleFinance https://t.co/8nBkInGThP
RFI has been part of the #BC100plus Steering Group since inception and we look forward to learning more about signatories through the podcast. Find out more below or at https://t.co/Qlw2EBs7Cl!
We are excited to announce the launch of a new podcast series “Blockchain for the UN Charters – BC100+ Ecosystem 2024”https://t.co/UP2LXQCfYt, featuring #BC100plus projects. 1st episode is out with @Marianadlrw and @blockleaders!
Climate and nature will be integrated into banking supervision in #OIC markets faster than most banks expect #ResponsibleFinance
https://t.co/PPzFKrQ2uu